The University of Mumbai’s Garware Institute of Career Education and Development (GICED) has launched a pathbreaking collaboration with the Institute of Risk Management’s India Affiliate (IRM India) to introduce IRM’s Global Level 1 Enterprise Risk Management (ERM) Course as a 2-credit open elective virtual course under the National Education Policy (NEP, 2020). IRM, headquartered in the UK and established in 1986, is the world’s leading certifying body for ERM
examinations across 143 Countries.IRM is the only body in the world to provide designations
in ERM with Fellowship at Stage 5/ Level 5.
In a world where events like pandemics, wars, cyber-attacks, fake news, supply chain disruptions, governance irregularities, entrepreneurial failures, succession planning,, and reputational damages are becoming increasingly common, understanding and managing all types of risks is no longer just a profession—but a vital life skill across any career path. Through this landmark collaboration, students can earn global life skills by getting risk-intelligent in every domain and sector with this internationally recognised 2-credit open elective virtual course covering 300 areas of risk. University of Mumbai students studying under-graduation or post-graduation in any college, discipline, or stream (technology, engineering, law, finance, business studies, entrepreneurship, marketing, and more) can register for the course to become risk-literate. Alumni of the University of Mumbai working in any function (HR, supply chain, finance, audit, governance, procurement, branding) or role (entrepreneur, family business owner, professionals, employees) can also enrol for this course to upskill and start a career in ERM.
Prof. (Dr.) Ravindra Kulkarni, Hon’ble Vice Chancellor, University of Mumbai, said, “We are delighted to partner with the prestigious Institute of Risk Management (IRM) UK to offer our students a world-class risk management open elective 2 credits program. This collaboration will enable our students to gain cutting-edge knowledge and skills in risk management, preparing
them to navigate the complexities of a rapidly changing global business landscape. The students will be able to work in any career in any function across industries, including startups, family businesses, business departments of a company, or risk management departments, with their ability to identify enterprise-wide risks. UM GICED will be able to contribute towards creating Risk
Resilient India.” “This landmark collaboration will help students aspire to be professionals, business leaders,
consultants, entrepreneurs, or next-gen family business owners, the open elective course, recognised for 2 credits, will serve as a gateway to mastering problem-solving and risk-based decision-making skills. Students will also learn to navigate challenges in emerging areas such as AI, climate, supply chain, geopolitics, and project management, confidently transform these
challenges into opportunities”, said Ian Livsey, CEO of the Institute of Risk Management.
“We are thrilled to partner with the esteemed University of Mumbai, reinforcing our commitment to building a Viksit, Aatmanirbhar, and resilient India by nurturing risk-intelligent leaders. This collaboration will equip students and alumni from the University and its affiliated colleges with essential knowledge that transcends industries, roles, and responsibilities”, said
Hersh Shah, CEO of IRM India Affiliate and India’s Youngest Enterprise Risk Expert, at the launch event. As part of the course, students will get a physical textbook, 3-month access to the online learning portal from IRM India Affiliate with study materials, course videos, and 24/7 AI-enabled academic support through faculty. The exams will be conducted on an ongoing basis as soon as
students complete the online training. Students will have unlimited attempts to pass the examination within a period of 3 months. Once students pass the internal and external examinations, GICED will generate a mark sheet as per the university academic schedule, and 2 academic credits will be granted under the Academic Bank of Credits (ABC). Candidates will then have the opportunity to pay and appear for the Supplementary Online Examination by IRM India to earn the IRM’s Global Level 1 Certificate from the UK, recognised in 140 countries.
Registrations for the course open on 15th October 2024. University students and alumni can pre-register by dropping an inquiry on the Registration Section. University of Mumbai Affiliated College Deans/ Faculty/ Program Coordinators / HODs interested in offering this international course under NEP, integrating the course in their curriculum.
About IRM India Affiliate
The Institute of Risk Management (headquartered in the UK, established in 1986) is the world’s leading certifying body for Enterprise Risk Management (ERM) examinations across 140+ countries. IRM is the only body in the world to provide designations in ERM with Fellowship at Stage 5 / Level 5. IRM India Affiliate has partnered with leading organisations such as Invest India, NIMSME ( Ministry of MSME), IHCL, UltraTech Cement, Cipla, Reliance Jio, Tata Consumer Products, HDFC Asset Management, and ICICI Lombard. It also has academic ties with institutions like Mahindra University, Sri Sri University, NMIMS CIS, IFMR Business School, MAHE, National Insurance Academy, and FLAME University. Other landmark initiatives include a report with AICTE, the annual CRO summit with NISM (SEBI’s capacity building initiative), a virtual risk programme for school students with Mindler, the What’s the RiskTM show on CNBCTV18, and the Enterprise Risk & India Regulation Online Course (ERIRC) with NISM. More information on IRM’s qualifications, exam updates, and other details is available here.
About University of Mumbai
The University of Mumbai (known earlier as the University of Bombay) is one of India’s oldest and premier universities. It was established in 1857, consequent upon “Wood’s Education Dispatch,” and it is one of the first three universities in India. Category I university status awarded by UGC. The university was bestowed with an A++ grade, with a CGPA of 3.65, in August 2021 by the National Assessment and Accreditation Council (NAAC), Bangalore, and its current CGPA is one of the highest in Maharashtra.
About Garware Institute of Career and Education Development
The Garware Institute of Career Education and Development (GICED) was founded by the University of Mumbai in 1984 through joint efforts of Padmabhushan Shri Abasaheb Garware and Prof. Ram Joshi, then Vice Chancellor of the University of Mumbai, with a vision of conducting various vocational and career-orientated courses.
Disclaimer: The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to the same. TIL does not guarantee, vouch for, or necessarily endorse any of the above content, nor is it responsible for them in any manner whatsoever. The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated, and verified.
examinations across 143 Countries.IRM is the only body in the world to provide designations
in ERM with Fellowship at Stage 5/ Level 5.
In a world where events like pandemics, wars, cyber-attacks, fake news, supply chain disruptions, governance irregularities, entrepreneurial failures, succession planning,, and reputational damages are becoming increasingly common, understanding and managing all types of risks is no longer just a profession—but a vital life skill across any career path. Through this landmark collaboration, students can earn global life skills by getting risk-intelligent in every domain and sector with this internationally recognised 2-credit open elective virtual course covering 300 areas of risk. University of Mumbai students studying under-graduation or post-graduation in any college, discipline, or stream (technology, engineering, law, finance, business studies, entrepreneurship, marketing, and more) can register for the course to become risk-literate. Alumni of the University of Mumbai working in any function (HR, supply chain, finance, audit, governance, procurement, branding) or role (entrepreneur, family business owner, professionals, employees) can also enrol for this course to upskill and start a career in ERM.
Prof. (Dr.) Ravindra Kulkarni, Hon’ble Vice Chancellor, University of Mumbai, said, “We are delighted to partner with the prestigious Institute of Risk Management (IRM) UK to offer our students a world-class risk management open elective 2 credits program. This collaboration will enable our students to gain cutting-edge knowledge and skills in risk management, preparing
them to navigate the complexities of a rapidly changing global business landscape. The students will be able to work in any career in any function across industries, including startups, family businesses, business departments of a company, or risk management departments, with their ability to identify enterprise-wide risks. UM GICED will be able to contribute towards creating Risk
Resilient India.” “This landmark collaboration will help students aspire to be professionals, business leaders,
consultants, entrepreneurs, or next-gen family business owners, the open elective course, recognised for 2 credits, will serve as a gateway to mastering problem-solving and risk-based decision-making skills. Students will also learn to navigate challenges in emerging areas such as AI, climate, supply chain, geopolitics, and project management, confidently transform these
challenges into opportunities”, said Ian Livsey, CEO of the Institute of Risk Management.
“We are thrilled to partner with the esteemed University of Mumbai, reinforcing our commitment to building a Viksit, Aatmanirbhar, and resilient India by nurturing risk-intelligent leaders. This collaboration will equip students and alumni from the University and its affiliated colleges with essential knowledge that transcends industries, roles, and responsibilities”, said
Hersh Shah, CEO of IRM India Affiliate and India’s Youngest Enterprise Risk Expert, at the launch event. As part of the course, students will get a physical textbook, 3-month access to the online learning portal from IRM India Affiliate with study materials, course videos, and 24/7 AI-enabled academic support through faculty. The exams will be conducted on an ongoing basis as soon as
students complete the online training. Students will have unlimited attempts to pass the examination within a period of 3 months. Once students pass the internal and external examinations, GICED will generate a mark sheet as per the university academic schedule, and 2 academic credits will be granted under the Academic Bank of Credits (ABC). Candidates will then have the opportunity to pay and appear for the Supplementary Online Examination by IRM India to earn the IRM’s Global Level 1 Certificate from the UK, recognised in 140 countries.
Registrations for the course open on 15th October 2024. University students and alumni can pre-register by dropping an inquiry on the Registration Section. University of Mumbai Affiliated College Deans/ Faculty/ Program Coordinators / HODs interested in offering this international course under NEP, integrating the course in their curriculum.
About IRM India Affiliate
The Institute of Risk Management (headquartered in the UK, established in 1986) is the world’s leading certifying body for Enterprise Risk Management (ERM) examinations across 140+ countries. IRM is the only body in the world to provide designations in ERM with Fellowship at Stage 5 / Level 5. IRM India Affiliate has partnered with leading organisations such as Invest India, NIMSME ( Ministry of MSME), IHCL, UltraTech Cement, Cipla, Reliance Jio, Tata Consumer Products, HDFC Asset Management, and ICICI Lombard. It also has academic ties with institutions like Mahindra University, Sri Sri University, NMIMS CIS, IFMR Business School, MAHE, National Insurance Academy, and FLAME University. Other landmark initiatives include a report with AICTE, the annual CRO summit with NISM (SEBI’s capacity building initiative), a virtual risk programme for school students with Mindler, the What’s the RiskTM show on CNBCTV18, and the Enterprise Risk & India Regulation Online Course (ERIRC) with NISM. More information on IRM’s qualifications, exam updates, and other details is available here.
About University of Mumbai
The University of Mumbai (known earlier as the University of Bombay) is one of India’s oldest and premier universities. It was established in 1857, consequent upon “Wood’s Education Dispatch,” and it is one of the first three universities in India. Category I university status awarded by UGC. The university was bestowed with an A++ grade, with a CGPA of 3.65, in August 2021 by the National Assessment and Accreditation Council (NAAC), Bangalore, and its current CGPA is one of the highest in Maharashtra.
About Garware Institute of Career and Education Development
The Garware Institute of Career Education and Development (GICED) was founded by the University of Mumbai in 1984 through joint efforts of Padmabhushan Shri Abasaheb Garware and Prof. Ram Joshi, then Vice Chancellor of the University of Mumbai, with a vision of conducting various vocational and career-orientated courses.
Disclaimer: The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to the same. TIL does not guarantee, vouch for, or necessarily endorse any of the above content, nor is it responsible for them in any manner whatsoever. The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated, and verified.
